Precious Metals: Gold and Silver
In my opinion, right now, a Precious Metals Investment, specifically Gold and Silver, is and will be one of your most profitable and safest investments you can make.
Why you ask?
First let’s look at some economic history, specifically in the USA, as its dollar is the international standard benchmark.
In 1971, Richard Nixon then President of the U.S.A., cut off the U.S. dollars relationship with Gold.
He made this change because foreign countries being paid in U.S. dollars grew skeptical because the U.S. Treasury was printing more and more money to cover their debts (doesn’t this sound familiar?), and they began to exchange their dollars directly for gold and therefore depleting most of the U.S. gold reserves.
The vault was being emptied because the government was importing more than it was exporting and also because of the costly Vietnam War. And as their economy grew, they were importing more and more oil.
In reality, the U.S. was starting to go bankrupt and could not pay its bills as long as their bills were to be paid in gold. By freeing their dollar from gold President Nixon created a way for them to print its way out of debt.
Therefore in 1971, the world’s rules of money were changed and the biggest economic boom in the history of the world began. But then inflation took off.
As more and more money was printed in each decade, over time the value of their dollar began to decrease and the prices of goods and assets went up.
Everyday debt by the middle-class also took off. Most recently in the last few years, credit cards were and are being given out by the banks freely, and money was flowing freely.
People started using their homes for equity loans to go on expensive vacations, buying not one but two SUV’s etc., and the party was on.
House mortgages were being given out freely too, to people who really couldn’t afford to make the mortgage payments.
And because they couldn’t make their payments, the Banks got into trouble and their debt grew…and then the banks themselves started to go bankrupt, and this was not limited to the U.S.A., this spread throughout the globe.
So governments throughout the world started bailing out the banks…by printing even more money to do so.
This became known as the Subprime Crisis.
Meanwhile the Wars in Iraq and Afghanistan were and are tremendously costly for the U.S., and all the countries involved, therefore more money needed to be printed.
And as economies around the world have been failing, fear of deflation is real and Trillions of dollars by governments have been created & spent to be used as “stimulus”, to hopefully re-ignite their economies.
And this may eventually cause a hyper-inflation.
Money has in effect being created out of thin air….and the more that gets printed, the lower its value goes, especially the U.S. dollar. It’s simple supply and demand.
This is known as Fiat Currency.
It's funny money, and eventually becomes worthless, like used toilet paper.
It took 85 years to go from a small amount of U.S. dollars in circulation to $850 billion in circulation.
But it took just 2 years, 2007-2009, to double that amount to over $1,700 billion in circulation – and money is still being printed.
Because the United States is printing money, all other countries are printing money because their currency will become to strong against the U.S. dollar and then exports to the United States will slow down, causing a slowdown in the exporting country’s economy.
And because of over-supply, the U.S. dollar is being deflated.
So where is the money investment flowing to?
Money is flowing to gold and silver, both as an investment and as an insurance policy against a weakened dollar.
Today, gold and silver remain the commodities that are internationally accepted as money. This is the current wealth cycle.
And supply of silver has dramatically gone down. This is because silver is consumable, it is used in such things as cell phones, computers, light switches, and reflectors in mirrors.
Go here for inside information on the rise of Silver prices.
Also, Gold production has been going down through the years.
And the Chinese, Russian & Indian people are now allowed to invest in gold and silver which adds more demand for them. In fact in the past, only 10% of the Worlds population were once allowed to buy gold and silver.
Now 90% of the population can purchase these precious metals. This adds tremendous more demand.
Theses factors add up as gold and silver precious metals Investment the right place to invest your money.
Never before in history have all the world currencies been Fiat Currencies at once. There is no other place to run to, to protect your “Dollar Wealth’, as in reality governments are confiscating your wealth, buy printing more and more dollars, which is going to cause high inflation.
This could be the greatest opportunity in mankind, because this is possibly the greatest Wealth Transfer in man-kind.
In 2003, gold prices were $300 an ounce. Presently, prices are pushing $2000 an ounce, and Silver has hit almost $50 an ounce.
And we could be still only at the beginning of this massive Bull run, in both Gold and Silver.
Two things I believe every investor should do:
1: Get educated on a Precious Metals Investment . Don't take my, or anyone else's, word on this. Read books and newsletters on the subject and decide for yourself.
2: Buy physical gold and silver and take possession of it (or have it stored at a third party depository).
OK, next question you probably want answered, what resource for precious metals do you recommend?
No doubt in my mind it’s a site called GoldSilver.com.
The company is owned and operated by a fellow named Mike Maloney.
Mike is a renowned advisor, author, and industry expert. Mike's book, Guide To Investing in Gold and Silver ,is the number-one best selling precious metals investment book of all time.
Based in Southern California, they specialize in the instruction of precious metals investing and providing world-class gold and silver dealer services.
You can buy Gold and Silver right from his site.(use referral 1359stockmarketcoach)
Click Here for more details.
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